Академический Документы
Профессиональный Документы
Культура Документы
Income Statement
Net
Cash
Noncash
LiabilContrib. Earned RevExpen+
=
+
+
= Incom
Asset
Assets
ities
Capital
Capital enues
ses
e
12,000
12,000
Cash
12,000
CS
12,000
June 1.
Invested
$12,000
cash
+12,00
0
+12,000
=
Common
Stock
Cash
RNE
950
Cash
950
RNE
950
Cash
950
PPE
AP
6,400
6,400
PPE
6,400
AP
6,400
SUP
3,800
Cash
1,800
AP
2,000
SUP
3,800
Cash
1,800
AP
2,000
June 2. Paid
-950
$950 cash
Cash
for June rent
June 3.
Purchased
$6,400 of
office
equipment
on credit
June 6.
Purchased
$3,800 of
-1,800
supplies;
Cash
$1,800 cash,
$2,000 on
account
-950
=
+6,400
Office
Equipment
+3,800
Supplies
+950
Retained
Earnings
Rent
Expense
-950
+6,400
= Account
s
Payable
+2,000
= Account
s
Payable
AR
4,700
Rev
4,700
AR
4,700
Rev
4,700
June 11.
$4,700 billed
for services
+4,700
+4,700
Accounts
Receivable
+4,700
=
Retained
Earnings
Service
Fees
Earned
((Revenue)
= +4,700
M3-12continued.
Balance Sheet
Cash
Noncash
+
=
Asset
Assets
Transaction
Cash
AR
Income Statement
=
ities
Capital
Capital enues
ses
Income
3,250
3,250
Cash
3,250
AR
3,250
AP
3,000
Cash
3,000
AP
3,000
Cash
3,000
June 17.
Collect
$3,250 on
accounts
+3,250
Cash
June 19.
Paid $3,000
on office
equipment
account
-3,000
June 25.
Paid cash
dividend of
$900
-900
June 30.
Paid $350
utilities
-350
Cash
-3,250
Accounts
Receivable
-3,000
= Accounts
Payable
RE
900
Cash
900
RE
900
Cash
900
Cash
-900
=
Retained
Earnings
Retained
Earnings
Retained
Earnings
UE
350
Cash
350
UE
350
Cash
350
Cash
-350
+350
Utility
expense
-350
WE
2,500
Cash
2,500
WE
2,500
Cash
2,500
June 30.
Paid $2,500
salaries
-2,500
Cash
-2,500
+2,500
Wages
expense
= -2,500
Income Statement
Cash
Noncash
LiabilContrib. Earned Rev+
=
+
+
Asset
Assets
ities
Capital
Capital enues
ExpenNet
=
ses
Income
9,000
9,000
Cash
9,000
CS
9,000
April 1.
+9,000
Invested
Cash
$9,000 in cash
+9,000
=
Common
Stock
PPRNT 2,850
Cash
2,850
PPRNT
2,850
Cash
2,850
Cash
NP
April 2. Paid
$2,850 cash
for lease
-2,850
Cash
+2,850
Prepaid
Van Lease
10,000
10,000
Cash
10,000
NP
10,000
April 3.
Borrow
$10,000
+10,000
+10,000
Cash
Note
Payable
PPE
5,500
Cash
2,500
AP
3,000
PPE
5,500
Cash
2,500
AP
3,000
April 4.
Purchase
$5,500
equipment for -2,500
Cash
$2,500 cash
with rest on
account
+5,500
Equipment
+3,000
= Accounts
Payable
SUP
4,300
Cash
4,300
SUP
4,300
Cash
4,300
April 5. Paid
$4,300 cash
for supplies
-4,300
+4,300
Cash
Supplies
M3-14Continued
AE
350
Cash
350
AE
350
Cash
350
April 7.
Paid $350
cash for
ad.
-350
-350
Cash
+350
Advertising =
Retained
Earnings
-350
Expense
AR
3,500
Rev
3,500
AR
3,500
Rev
3,500
AP
3,000
Cash
3,000
AP
3,000
Cash
3,000
Cash
AR
+3,500
April 21.
Billed
$3,500 for
services
April 23.
Paid
$3,000
cash on
account
+3,500
Accounts
Receivable
+3,500
=
Retained
Earnings
-3,000
= Accounts
-3,000
Cash
Cleaning
Fees
Earned
((Revenue)
= +3,500
Payable
2,300
2,300
Cash
2,300
AR
2,300
RE
1,000
Cash
1,000
RE
1,000
Cash
1,000
WE
1,750
Cash
1, 750
WE
1,750
Cash
1,750
April 28.
Collect
$2,300 on
account
+2,300
Cash
April 29.
Paid
$1,000
cash
dividend
-1,000
April 30.
Paid
$1,750
cash for
salaries
-1,750
April 30.
Paid $995
cash for
gas
-995
Cash
Cash
-2,300
Accounts
Receivable
-1,000
=
Retained
Earnings
Retained
Earnings
Retained
Earnings
-1,750
+1,750
Wages
Expense
Van Fuel
(Operating)
Expense
-1,750
OE
995
Cash
995
OE
995
Cash
995
Cash
+995
-995
-995
AE
210
PPDA
210
AE
210
PPDA
210
SUPE
SUP
SUP
1,900
b. 7/31
Adjusting
entry for
advertising
expense
- 475
Prepaid
Rent
- 210
Prepaid
Advertising
-475
=
Retained
Earnings
Retained
Earnings
ExpenNet
=
ses
Income
+475
-210
-475
+210
Advertising =
-210
Rent
Expense
Expense
7/31
Adjusting
entry for
supplies
expense
-1,900
Supplies
-1,900
=
+1,900
Supplies = -1,900
Retained
Earnings
expense
800
800
AR
800
Rev
800
UR
Rev
a. 7/31
Adjusting
entry for rent
expense
ities
Capital
Capital enues
1,900
1,900 c.
SUPE
1,900
AR
Rev
Cash
Noncash
+
=
Asset
Assets
Income Statement
d. 7/31
Adjusting
entry for
fees revenue
+800
Fees
(Accounts)
Receivable
+800
=
+800
Retained Refinish.
Earnings Revenue
+800
+300
300
300
UR
300
Rev
300
e. 7/31
Adjusting
entry for
fees revenue
-300
=
Unearned
Refinish.
Fees
(Revenue)
+300
+300
Retained Refinish.
Earnings Revenue